Valkyrie Bitcoin Miners ETF (WGMI) - 19th February 2025 | @ 164 Days
'B' class signal detected in Valkyrie Bitcoin Miners ETF (WGMI). Running at an average wavelength of 164 days over 7 iterations since February 2022. Currently troughing.
ΣL Cycle Summary
In this Bitcoin miners ETF (WGMI), a relatively new instrument, we have a striking periodic feature which is defining movement within a gentle uptrend since 2023. Running at a wavelength of around 160 days, this component has gradually increased in power over the last 3 years and is now highly stationary in both frequency and amplitude. The phase is currently near the next trough iteration so subscribers should be on alert for a buy in this ETF shortly. An up leg with similar amplitude to the most recent down leg should see the highs tested once again. We also note (at the time of writing) the bullish cycle shape forming for this cycle iteration with a clear higher low.